Financials Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Equities

TLKM

ID1000129000

Integrated Telecommunications Services

End-of-day quote INDONESIA S.E. 06:00:00 2024-04-25 pm EDT 5-day change 1st Jan Change
3,030 IDR -0.33% Intraday chart for Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk -3.81% -23.29%

Valuation

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 393,277,000 327,895,937 400,211,355 371,483,312 391,295,756 300,158,516 - -
Enterprise Value (EV) 2 427,119 372,769 430,978 371,483 391,296 330,956 328,602 326,193
P/E ratio 21.1 x 15.8 x 16.2 x 17.9 x 15.9 x 11.4 x 10.7 x 10.4 x
Yield 3.88% 3.81% 4.16% - - 6.41% 6.78% 7.07%
Capitalization / Revenue 2.9 x 2.4 x 2.79 x 2.52 x 2.62 x 1.93 x 1.84 x 1.78 x
EV / Revenue 3.15 x 2.73 x 3.01 x 2.52 x 2.62 x 2.13 x 2.02 x 1.94 x
EV / EBITDA 6.51 x 5.15 x 5.43 x 5.1 x 5.33 x 4.09 x 3.84 x 3.67 x
EV / FCF 21.6 x 10.4 x 11.2 x - - 9.91 x 9.64 x 9.17 x
FCF Yield 4.62% 9.59% 8.97% - - 10.1% 10.4% 10.9%
Price to Book 3.95 x 3.2 x 3.29 x - - 2.12 x 1.97 x 1.92 x
Nbr of stocks (in thousands) 99,062,217 99,062,217 99,062,217 99,062,217 99,062,217 99,062,217 - -
Reference price 3 3,970 3,310 4,040 3,750 3,950 3,030 3,030 3,030
Announcement Date 5/26/20 4/30/21 4/19/22 3/25/23 3/25/24 - - -
1IDR in Million2IDR in Billions3IDR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 135,567 136,462 143,210 147,306 149,216 155,169 162,715 168,478
EBITDA 1 65,572 72,397 79,379 72,836 73,457 80,981 85,487 88,813
EBIT 1 42,394 43,505 47,563 39,581 44,384 47,893 50,644 52,553
Operating Margin 31.27% 31.88% 33.21% 26.87% 29.74% 30.87% 31.12% 31.19%
Earnings before Tax (EBT) 1 37,908 38,775 43,678 36,339 40,794 43,507 46,684 48,101
Net income 1 18,663 20,804 24,760 20,753 24,560 26,353 28,282 29,231
Net margin 13.77% 15.25% 17.29% 14.09% 16.46% 16.98% 17.38% 17.35%
EPS 2 188.4 210.0 249.9 209.5 247.9 266.8 283.7 290.8
Free Cash Flow 3 19,731,000 35,757,000 38,641,000 - - 33,382,200 34,073,833 35,576,000
FCF margin 14,554.43% 26,202.9% 26,982.05% - - 21,513.44% 20,940.78% 21,116.12%
FCF Conversion (EBITDA) 30,090.59% 49,390.17% 48,679.12% - - 41,222.43% 39,858.69% 40,057.08%
FCF Conversion (Net income) 105,722.55% 171,875.6% 156,062.2% - - 126,675.25% 120,479.8% 121,704.99%
Dividend per Share 2 154.1 126.0 168.0 - - 194.4 205.5 214.4
Announcement Date 5/26/20 4/30/21 4/19/22 3/25/23 3/25/24 - - -
1IDR in Billions2IDR3IDR in Million
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December 2020 S1 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1 2025 Q2
Net sales 1 66,856 - - 36,775 36,891 38,432 36,090 37,388 37,760 37,978 37,429 38,136 38,704 39,397 - -
EBITDA 1 36,077 - 18,587 - - 16,245 - - 20,096 14,394 19,093 20,471 - - - -
EBIT 1 22,150 - - 12,325 8,637 8,008 11,431 11,588 11,963 9,402 11,008 11,653 11,672 11,612 - -
Operating Margin 33.13% - - 33.51% 23.41% 20.84% 31.67% 30.99% 31.68% 24.76% 29.41% 30.56% 30.16% 29.47% - -
Earnings before Tax (EBT) - - - - - 7,142 - - - 8,512 - - - - - -
Net income 1 10,989 5,888 6,118 7,192 3,271 4,172 6,424 6,332 6,743 5,061 6,053 6,434 - - - -
Net margin 16.44% - - 19.56% 8.87% 10.86% 17.8% 16.94% 17.86% 13.33% 16.17% 16.87% - - - -
EPS 2 - 59.44 61.76 72.60 33.02 42.11 64.85 63.92 68.07 51.08 61.10 73.12 77.07 54.56 73.24 77.07
Dividend per Share 2 - - - 150.0 - - - 167.6 - - - 50.75 46.85 50.75 - -
Announcement Date 8/7/20 4/19/22 5/9/22 7/29/22 10/28/22 3/25/23 4/29/23 7/28/23 10/31/23 3/25/24 4/18/24 - - - - -
1IDR in Billions2IDR
Estimates

Balance Sheet Analysis

Fiscal Period: December 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 33,842 44,873 30,767 - - 30,798 28,444 26,035
Net Cash position 1 - - - - - - - -
Leverage (Debt/EBITDA) 0.5161 x 0.6198 x 0.3876 x - - 0.3803 x 0.3327 x 0.2931 x
Free Cash Flow 2 19,731,000 35,757,000 38,641,000 - - 33,382,200 34,073,833 35,576,000
ROE (net income / shareholders' equity) 18.8% 20.6% 22.1% - - 18.4% 18.8% 18.8%
ROA (Net income/ Total Assets) 8.73% 8.89% 9.45% - - 9.33% 9.46% 9.5%
Assets 1 213,702 234,076 262,064 - - 282,561 298,940 307,586
Book Value Per Share 3 1,005 1,035 1,228 - - 1,430 1,538 1,578
Cash Flow per Share 3 555.0 659.0 690.0 - - 677.0 717.0 752.0
Capex 1 35,218 29,560 29,712 - - 36,409 37,763 38,978
Capex / Sales 25.98% 21.66% 20.75% - - 23.46% 23.21% 23.14%
Announcement Date 5/26/20 4/30/21 4/19/22 3/25/23 3/25/24 - - -
1IDR in Billions2IDR in Million3IDR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
26
Last Close Price
3,030 IDR
Average target price
4,196 IDR
Spread / Average Target
+38.49%
Consensus
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